The Finish Prime Minister’s Office published a guidebook on transfer pricing (TP) rules for Finnish companies on December 4, 2014. Finland wants to encourage companies to expand business activities abroad and to help foreign companies wanting to enter into Finnish market.

The guidebook explains the basic principles of transfer pricing under the OECD Guidelines and introduces several examples on possible scenarios where TP questions may arise. The guidebook emphasizes that it has been written in order to facilitate the understanding of TP rules, but does not to any extent replace the OECD TP Guidelines.

 The guidebook highlighted the following areas;

  •  The sale and use of tangibles and intangibles between related parties
  • The provision of services between related parties
  • Intragroup financing
  • The importance of proper TP documentation
  • Whether the transfer price can be used as a basis for customs valuation and import duties